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TACO Vs TAW: Fade This (Equity) Rally
TACO Vs TAW: Fade This (Equity) Rally
Authored by Peter Tchir via Academy Securities,
Ceasefire?
The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire.
Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday).
Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids).
Many of the Polymarket Strait of Hormuz “prediction”...
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